Melt the rest of the butter in sauce pan and remove from heat. Add milk and egg and beat well. Mix remaining dry ingredients in a bowl. Stir in the milk ad egg mixture and beat until smooth. Pour over the peaches and bake for 30 minutes or until a toothpick inserted, comes out of dough clean. Serve from cake pan in scoops, fruit side up with whipped cream or vanilla ice cream or both!